Equities research analysts predict that Campbell Soup Company (NYSE:CPB) will post sales of $2.19 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Campbell Soup’s earnings. The lowest sales estimate is $2.17 billion and the highest is $2.21 billion. Campbell Soup posted sales of $2.17 billion during the same quarter last year, which would indicate a positive year over year growth rate of 0.9%. The firm is expected to report its next quarterly earnings report on Friday, February 16th.

On average, analysts expect that Campbell Soup will report full year sales of $2.19 billion for the current fiscal year, with estimates ranging from $7.83 billion to $7.96 billion. For the next year, analysts forecast that the business will report sales of $8.04 billion per share, with estimates ranging from $7.88 billion to $8.16 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Campbell Soup.

Campbell Soup (NYSE:CPB) last posted its earnings results on Tuesday, November 21st. The company reported $0.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.05). Campbell Soup had a net margin of 11.08% and a return on equity of 56.88%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the company posted $1.00 EPS. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis.

CPB has been the topic of a number of research reports. Royal Bank of Canada lowered their target price on Campbell Soup from $60.00 to $56.00 and set a “sector perform” rating for the company in a research note on Friday, September 1st. Piper Jaffray Companies reiterated a “neutral” rating and issued a $50.00 target price (down previously from $56.00) on shares of Campbell Soup in a research note on Monday, September 11th. Citigroup reiterated a “neutral” rating and issued a $54.00 target price (up previously from $50.00) on shares of Campbell Soup in a research note on Wednesday, December 20th. Deutsche Bank reiterated a “hold” rating and issued a $51.00 target price (down previously from $58.00) on shares of Campbell Soup in a research note on Friday, September 1st. Finally, Credit Suisse Group reiterated a “sell” rating and issued a $43.00 target price (down previously from $47.00) on shares of Campbell Soup in a research note on Friday, September 1st. Seven investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $49.83.

Campbell Soup (NYSE CPB) traded up $0.10 during midday trading on Monday, reaching $48.77. The company had a trading volume of 1,531,400 shares, compared to its average volume of 2,064,255. Campbell Soup has a 1 year low of $44.99 and a 1 year high of $64.23. The stock has a market capitalization of $14,690.00, a P/E ratio of 17.05, a PEG ratio of 3.83 and a beta of 0.40. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.77 and a quick ratio of 0.39.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Wednesday, January 10th will be given a $0.35 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.40 annualized dividend and a dividend yield of 2.87%. Campbell Soup’s payout ratio is 48.95%.

Campbell Soup declared that its Board of Directors has approved a stock repurchase program on Monday, December 18th that permits the company to repurchase shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

In other Campbell Soup news, Director Charles R. Perrin sold 2,304 shares of Campbell Soup stock in a transaction on Friday, October 6th. The stock was sold at an average price of $46.46, for a total transaction of $107,043.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Carlos Barroso sold 4,300 shares of Campbell Soup stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $48.86, for a total value of $210,098.00. Following the sale, the senior vice president now directly owns 29,119 shares in the company, valued at approximately $1,422,754.34. The disclosure for this sale can be found here. In the last three months, insiders sold 13,104 shares of company stock worth $630,117. Company insiders own 37.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in CPB. Northwestern Mutual Wealth Management Co. increased its position in shares of Campbell Soup by 1.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,605 shares of the company’s stock valued at $240,000 after purchasing an additional 70 shares during the period. MML Investors Services LLC grew its holdings in shares of Campbell Soup by 1.7% in the 2nd quarter. MML Investors Services LLC now owns 6,517 shares of the company’s stock worth $340,000 after acquiring an additional 112 shares during the last quarter. Wesbanco Bank Inc. grew its holdings in shares of Campbell Soup by 1.5% in the 2nd quarter. Wesbanco Bank Inc. now owns 7,915 shares of the company’s stock worth $413,000 after acquiring an additional 120 shares during the last quarter. Moors & Cabot Inc. grew its holdings in shares of Campbell Soup by 1.2% in the 2nd quarter. Moors & Cabot Inc. now owns 12,250 shares of the company’s stock worth $640,000 after acquiring an additional 150 shares during the last quarter. Finally, Chicago Equity Partners LLC grew its holdings in shares of Campbell Soup by 1.4% in the 2nd quarter. Chicago Equity Partners LLC now owns 13,365 shares of the company’s stock worth $697,000 after acquiring an additional 185 shares during the last quarter. 46.04% of the stock is currently owned by hedge funds and other institutional investors.

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Campbell Soup Company Profile

Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.

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Earnings History and Estimates for Campbell Soup (NYSE:CPB)

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